In a regulatory filing today, Ally Bank has upsized its previously $1 billion auto ABS to $1.7 billion. The deal is rated by Fitch Ratings and Moody's Investors Service.

Ally Bank is issuing under its Ally Auto Receivables Trust 2012-2. For the Securities and Exchange Commission filing related to the deal, please click here.

The deal now comprises of a $421 million Class A-1; a $573 million Class A-2; a $573 million Class A-3 and a $133.44 million Class A-4. There are also Class B notes with a principal balance of $63.62 million and Class C notes with a principal balance of $49.99 million.

Bank of America Merrill Lynch, Credit Agricole Securities and Royal Bank of Scotland are the underwriters on the transaction.

Meanwhile, Goldman Sachs, Lloyds Securities, PNC Capital Markets, Scotia Capital and Societe Generale.

According to Fitch, the transaction is backed by new and used automobile and lighttruck
loans originated and acquired by Ally Bank directly from dealers of General Motors Co., Chrysler Group, and affiliated and non-affiliated GM dealers.

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